Cyprium Metals Limited · ASX:CYM
Cyprium Metals — Investor Presentation (March 2025)
20 slides from Cyprium Metals's investor presentation, Mar 20, 2025
Slide 1: Unlocking Value at Nifty Copper Complex
For personal use only UNLOCKING VALUE AT NIFTY COPPER COMPLEX ASYMMETRIC OPPORTUNITY FROM BROWNFIELD ASSET BASE INVESTOR PRESENTATION | MARCH 2025 www.cypriummetals.com www.cypriummetals.com
Slide 2: Three Key Points to Take Away
THREE KEY POINTS TO TAKE AWAY Executing at speed to capitalize on asymmetric opportunity 1 Nifty, a former prolific producer currently at midlife, is a company-making asset with brownfield advantages of cost, time and scale – Early shutdown of SXEW left an above-ground heap leach resource of 12.7Mt
Slide 3: Cyprium Metals Snapshot (ASX: CYM)
CYPRIUM METALS SNAPSHOT (ASX: CYM) CORPORATE SUMMARY1 CYM 12MTH SHARE PRICE CHART 0.06 Share Price Market Capitalisation 0.05 A$ 0.017 A$ 35.1m 0.04 0.03 Cash (pro-forma) Debt & Convertible Notes 0.02 A$ 25.0m A$ 78.6m 0.01 For personal use only Enterprise Value NIFTY A$ 88.7m NIFTY COPPER COMPLEX M
Slide 4: Proven Team, Powerhouse Partners
PROVEN TEAM, POWERHOUSE PARTNERS New management are major shareholders and strategically aligned EXECUTIVE DIRECTORS & MANAGEMENT MATT FIFIELD LOUIS CHAIT COLIN MACKEY MANU TRIVEDI Executive Chairman Chief Commercial Officer Chief Operating Officer Interim Chief Financial Officer • Deep-value invest
Slide 5: Nifty Is a Prolific Orebody, Currently at Midlife
NIFTY IS A PROLIFIC OREBODY, CURRENTLY AT MIDLIFE 720,000 tonnes copper produced over 25 years – and at least that much more to go yet again 1995 2000 2005 2010 2015 2020 2025 WMC Discover and Build Cathode Ops For personal use only Straits Expands SXEW DFS on U/G mine Hindalco / Aditya Birla Builds
Slide 6: Asset-Rich Brownfield Sets Stage for Rapid Restart
ASSET-RICH BROWNFIELD SETS STAGE FOR RAPID RESTART Unique opportunity to reposition a massive resource endowment through a change of mining method 83Mt reserve at 0.9% Cu for 750kt contained copper remains 2 in zone between the oxide open pit and the underground mine, adjacent existing concentrator*
Slide 7: We Are Executing a Very Simple Plan at Pace
WE ARE EXECUTING A VERY SIMPLE PLAN AT PACE 2024 saw rebuild of information from first principles to develop forward action plan 2024 2025 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q MAH feedback Nifty: Concentrate MRE Concept PFS Geotech PFS on PFS BFS For personal use only Nifty: Cathode HL MRE PFS FS Permits/Entitle
Slide 8: Above Ground Copper Is Stockpiled in Heap Leach
ABOVE GROUND COPPER IS STOCKPILED IN HEAP LEACH Retreatment of existing leach pads is a low complexity, low capital path to cash flow For personal use only Drill holes data completed at partial depth determined block model Metallurgical accounting: 17.2Mt material stacked contains 200 mmlbs of resid
Slide 9: SXEW Plant Can Be Quickly and Inexpensively Rebuilt
SXEW PLANT CAN BE QUICKLY AND INEXPENSIVELY REBUILT Significant work to date shows low capital is required to refurbish plant for 6,000 ktpa operation PFS Project Cost Estimate Item A$m Heap Leach 0.3 For personal use only Mechanical 6.8 Electrical 6.5 Piping 3.4 SX Plant (“Solvent Extraction”) requ
Slide 10: Cathode Project Expected to Generate Early Cash Flow
CATHODE PROJECT EXPECTED TO GENERATE EARLY CASH FLOW Near-term exposure to spot copper price drives large potential upside from PFS Case, rapid payback puts upside on balance sheet COPPER CATHODE PRODUCTION (KTPA) – PFS Case PRODUCTION (KT) & REVENUE (A$M) – PFS Case, PFS and Spot Pricing LOM Cu cat
Slide 11: Concentrate Operations – PFS Mine Plan at PFS and Spot
CONCENTRATE OPERATIONS – PFS MINE PLAN AT PFS AND SPOT Significant positive exposure to forward copper prices PRODUCTION & REVENUE – PFS Case, PFS and Spot Pricing For personal use only 1,200 44 45 44 42 42 42 38 40 39 38 33 33 33 32 34 1,000 27 21 11 817 824 817 13 13 766 774 776 3 800 - 695 733 72
Slide 12: Strong Copper Outlook Opens Up Funding Opportunities
STRONG COPPER OUTLOOK OPENS UP FUNDING OPPORTUNITIES Nifty’s advanced permitting and resulting near-term production profile, long life and low capital intensity are attractive to parties seeking copper exposure Minority Strategic Finance Royalty / Stream / Prepay Asset-Infra Joint Venturers Descript
Slide 13: Where Are the Other Big Copper Opportunities?
WHERE ARE THE OTHER BIG COPPER OPPORTUNITIES? Selected recent transactions show that Australian developers and producers with scale and longevity have material strategic value DEVELOPERS PRODUCERS Evolution acquires remaining MACH buys REX Harmony buys Eva Copper Sumitomo earns in to 30% of Winu Ern
Slide 14: Maroochydore Rediscovered
MAROOCHYDORE REDISCOVERED Globally significant copper resource in Paterson district within haul distance to Nifty 370.8Mt @ 0.43% Cu, 227 ppm Co 06.3Mt @ 0.67% Cu, 308 ppm Co Sedimentary copper Higher-grade domain Inferred resources Higher-grade zone within inferred mineralisation style Will be furt
Slide 15: Supplementary Material
For personal use only SUPPLEMENTARY MATERIAL 15 CYPRIUM | MARCH 2025 INVESTOR PRESENTATION
Slide 16: Fast Track to Cash Flow: Restart Nifty Heap Leach Pads
FAST TRACK TO CASH FLOW: RESTART COPPER NIFTY HEAP LEACH PADS CATHODE PRODUCTION Copper cathode production at Nifty is the first phase of mining operations. Pre-tax NPV @ 8% - Nov 24 PFS A$86m Pre-tax IRR - Nov 24 PFS 110% For personal use only LOM Cu cathode production 24kt Annual Cu cathode produc
Slide 17: Large Value Driver: Sulphide Open Pit and Concentrator Restart
LARGE VALUE DRIVER: SULPHIDE OPEN PIT AND CHALCOPYRITE MINERALISATION NIFTY EXISTING CONCENTRATOR CONCENTRATOR RESTART Pre-tax NPV @ 8% - Nov 24 PFS A$1.04B Pre-tax IRR - Nov 24 PFS 26.3% Project life 20 years For personal use only LOM production Cu 694 kt Average production Cu 38.7 ktpa AISC A$/t p
Slide 18: Project Interactions Can Be Well Managed
PROJECT INTERACTIONS CAN BE WELL MANAGED Interaction of the Cathode Project and Concentrate Project assuming simultaneous project operations Fast access to sulphide ores from oxide open pit – Oxide ores were mined from a shallow open pit, put on heap leach pads and leached – with resulting pregnant
Slide 19: Disclaimers and Forward-Looking Statements
DISCLAIMERS AND FORWARD-LOOKING STATEMENTS IMPORTANT: You must read the following before continuing. This Investor Presentation (“Presentation”) has been prepared by Cyprium Metals Limited (ABN 48 002 678 640) (“Cyprium” or “Company”) and authorised for release by the Executive Chair of Cyprium. Sum
Slide 20: Contact
CONTACT For personal use only Matt Fifield Executive Chairman Dannika Warburton Investor and Media Relations E: communications@cypriummetals.com Registered Office Level 1, 437 Roberts Road Subiaco WA 6008 Australia Telephone +61 8 6374 1550 www.cypriummetals.com